KUALA LUMPUR: Bumi Armada Bhd
's wholly-owned subsidiary Bumi Armada UK Limited has inked an engineering, procurement, construction, installation and modification agreement with EnQuest Heather Limited for the provision of a flare gas recovery system on the Magnus platform located in blocks 211/12a and 211/7a of the UK North Sea.
It said in a stock exchange filing the agreement is expected to be carried out over about four years with an estimated contract value of GBP50mil (RM282.68mil).
Bumi Armada said implementing the flare gas recovery system offers environmental benefit, as well as operational value.
"The capture and repurposing of flare gas will reduce Magnus platform greenhouse gas emissions, specifically CO2 and Methane, which are major contributors to climate change.
"This aligns with global environmental standards and regulations, helping EnQuest to meet its internal and externally committed emissions reduction targets," it said.
